AXS Investments LLC Has $2.63 Million Stake in Ladder Capital Corp (NYSE:LADR)

AXS Investments LLC lowered its position in Ladder Capital Corp (NYSE:LADR) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 228,284 shares of the real estate investment trust’s stock after selling 20,603 shares during the quarter. AXS Investments LLC owned approximately 0.18% of Ladder Capital worth $2,628,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position in Ladder Capital by 9.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 12,714 shares of the real estate investment trust’s stock worth $130,000 after acquiring an additional 1,129 shares during the period. HB Wealth Management LLC increased its holdings in Ladder Capital by 7.2% in the 4th quarter. HB Wealth Management LLC now owns 14,000 shares of the real estate investment trust’s stock valued at $161,000 after buying an additional 935 shares during the period. Quest Partners LLC bought a new position in Ladder Capital in the 4th quarter valued at about $186,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ladder Capital by 78.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,287 shares of the real estate investment trust’s stock valued at $218,000 after buying an additional 9,347 shares during the period. Finally, Peak Financial Management Inc. bought a new position in Ladder Capital in the 4th quarter valued at about $228,000. Institutional investors and hedge funds own 62.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on LADR shares. Keefe, Bruyette & Woods reduced their price target on shares of Ladder Capital from $12.75 to $12.50 and set an “outperform” rating on the stock in a research note on Wednesday, April 10th. TheStreet downgraded shares of Ladder Capital from a “b-” rating to a “c” rating in a research report on Thursday, February 8th. Four analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $12.63.

Ladder Capital Stock Down 1.9 %

LADR traded down $0.21 during mid-day trading on Thursday, reaching $11.05. 384,334 shares of the stock were exchanged, compared to its average volume of 595,331. The stock has a market capitalization of $1.40 billion, a PE ratio of 14.67 and a beta of 1.91. Ladder Capital Corp has a 1 year low of $9.08 and a 1 year high of $12.00. The company has a debt-to-equity ratio of 2.41, a quick ratio of 88.41 and a current ratio of 88.40. The company has a 50 day moving average price of $10.93 and a two-hundred day moving average price of $11.03.

Ladder Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 8.33%. The ex-dividend date of this dividend was Wednesday, March 27th. Ladder Capital’s dividend payout ratio (DPR) is 121.05%.

Ladder Capital Profile

Ladder Capital Corp operates as an internally-managed real estate investment trust in the United States. It operates through three segments: Loans, Securities, and Real Estate. The Loans segment originates conduit first mortgage loans that are secured by cash-flowing commercial real estate; and originates and invests in balance sheet first mortgage loans secured by commercial real estate properties that are undergoing transition, including lease-up, sell-out, and renovation or repositioning.